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Rule 96 Release of resigning or removed building society liquidator

Original text. Later amendments are not shown.

(1)

Apply rule 4.128 of the 1991 Rules.

(2)

In paragraph (1)—

(a)

for “accepted by”, substitute “notified to”;

(b)

for “rule 4.116”, substitute “rule 89 of the 2014 Rules”.

(3)

In paragraph (3)—

(a)

in sub-paragraph (a)

(i)

for “receive his resignation”, substitute “be notified of his resignation”; and

(ii)

omit “or” at the end;

(b)

at the end of sub-paragraph (b), insert—

“, or

(c)

the building society liquidator resigns, and the Bank of England has refused his release.”.

(4)

For paragraph (4), substitute—

“(4)

When the Department gives the release, it shall certify it accordingly, file the certificate in court and send a copy to the appropriate regulator.”.